The following is taken from the S&P Bond Guide:

The following is taken from the S&P Bond Guide:

The following is taken from the S&P Bond Guide:


FLB Zr 12 87 87-½.


What is the coupon rate on this bond?


A) 0.12.

B) 87.

C) 87.5.

D) No coupon.



Answer: D) No coupon.


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